The research report on the global propane market analyzes the market by application for residential, commercial, internal combustion engine, and agriculture market. The report investigates the market drivers, market restraints, market challenges, and market opportunities which shape the dynamics of the propane industry.
Rapid growth of oil prices during the previous decade has in turn driven price of propane above the expectations and decreased effectiveness of propane in many competitive markets. To establish new markets, the propane market faces challenges due to these rising prices. The report examines the market trends and future outlook to forecast the size and revenue of the global and regional market. The research report examines the competitive landscapes and provides a detailed overview of the various key players in the market with their shares and competitive strategies. It also covers the market strategies for success, barriers to be considered, and future assumption related to the global market.
A wide array of graphics makes for an easy-to-comprehend market analysis. Moreover, the use of Porter’s five forces model analysis, SWOT analysis and a study of the value-chain keep you abreast of the projected opportunities and threats in the wind power market.
Overview of the propane market
Oil prices globally are likely to continue to rise with high volatility in the industry. The propane industry needs to employ this trend to solidify existing markets which have relatively low oil prices. The prices for propane are shifting more rapidly as compared to natural gas and electricity. These rapid changes in the price of propane influence consumer perceptions regarding propane. This can impact the level of risk and uncertainty related with choosing propane.
The program for propane hedging can help in reducing the volatility and the negative impact of price volatility on customers. Engines which use propane tend to produce less air pollution than gasoline engines. The amount of hydrocarbon emission is 30% - 62% lower in propane-fueled engines.
The propane market demand is anticipated to boost more than 500 million gallons per year till 2018, if the market opportunities are fully realized. 8.4 million residential households in 2010 consumed 5 billion gallons per year of fuel oil to heat up their homes. This is equivalent to around 7.5 billion gallons of propane. The global propane market according to geography is divided into North America, Latin America, EMEA, and Asia-Pacific. The households in northeastern United States, primarily in the New York, New England states, Pennsylvania, and New Jersey consume 80% of propane.
The companies profiled in this research report are British petroleum, Chevron Corporation, Evonik, Sinopek, BASF, Volero Energy Corporation, PDVSA, ExxonMobile, AmeriGas, Reliance Industry Limited, Shell, PetroChina Company Limited, among others.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements in the micro servers industry
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments